Morning Masala

Here is what others are talking about this morning:

New climate text shows many hurdles to Paris deal

Hosts France proposed a slimmer draft text at global climate talks on Wednesday that leaves major issues unresolved, including finance for developing nations. The new text is 29 pages, against 43 on Saturday.

Wai Wai noodle brand in expansion mode

Nepali-owned noodle brand ‘Wai Wai’ will soon be unveiling a massive advertisement campaign to boost its sales, said Binod Chaudhary, Chairman of Chaudhary Group, makers of the noodle brand. The campaign will be conceptualised and steered by noted ad-guru Prahlad Kakkar.

Gold sits tight as possible U.S. rate hike looms

Gold was treading water on Thursday as investors stuck to the sidelines ahead of a widely anticipated U.S. rate hike next week, with even a slump in the dollar failing to trigger interest in the metal.

Crude prices edge up on dip in crude inventories, but glut still bites

Crude oil prices edged up early on Thursday, supported by a fall in U.S. crude inventories after 10 straight weeks of builds, but a global oversupply and cheap oil are still dominating the broader market.

 India’s inflation seen above 5 pct in Nov, room for more rate cuts narrowing

India’s retail inflation rate likely rose above the Reserve Bank of India’s medium-term 5 percent target in November as food prices climbed, leaving little room for more interest rate cuts, a Reuters poll found.

 Bad Burgers Are Gold to KKR as China Scandals Yield Opportunity

China’s continual food safety scares haven’t spoiled the appetite of Julian Wolhardt, one of KKR & Co.’s top executives in the country. In fact, they’ve been good for deals.

 

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